BlockFi Expects to Enable Customer Withdrawals By 2023 Summer
The withdrawals will be reopened upon the completion of necessary upgrades
The withdrawals will be reopened upon the completion of necessary upgrades
The once-prominent crypto lender filed for bankruptcy last year.
BlockFi will refund Californian users who kept repaying their loans, unaware of the company's issues.
Circle, Ripple, and Pantera Capital are among the companies exposed to SVB, while Coinbase and Paxos have assets stuck in
BlockFi insists that Emergent Fidelity is not eligible for a bankruptcy case as it has no assets or property except
BlockFi is poised to sell its mining machines while Bitcoin’s price remains at local highs.Â
BlockFi’s exposure to FTX seems to be larger than previously expected, although part of this is due to BTC’s recent
The bankrupt crypto mining lender BlockFi plans to sell loans linked to Bitcoin mining machine purchases.
The cataclysmic finish of 2022 has prompted a $1 billion net loss for Silvergate Capital for Q4.
The company had earlier laid off 20% of its workforce amidst industry headwinds in the summer of 2022.